Ozzy and Sharon Osbourne Rent Out Their Malibu Beach House

Empty-nesters Sharon and Ozzy Osbourne are selling their Malibu beach house. However, they seem to be waiting for the right price as the five-bedroom, five-bath 4,500-square-foot home has been on the market since 2006. It is now available for lease at $40,000 per month.

Located on La Costa Beach (not as exclusive as Carbon Beach farther north, known as Billionaires' Beach), the home was originally listed for $14 million. Per the Real Estalker, the house price was eventually reduced to $10.95 million and has been leased over the years. In 2008, it could be had for $25,000 per month.

Is it rock star ready?
Surprisingly, the beach house has little of the goth-inspired, crucifix-and-crystal decor featured in their Beverly Hills manse, as seen on their old MTV reality show. The three-story beach house is light and airy, with a white-on-white decorating scheme. Wood floors are found in the chic master bedroom, complete with fireplace. French doors open to the ocean view. There's no pool (few Malibu beach houses have them), but a hot tub on the outdoor terrace comes with a stellar view.

Although $40,000 should equal a down payment rather than a monthly lease, the fee is not out-of-the-ordinary in celeb-magnet Malibu. Last summer, David Spade asked $65,000 per month for his La Costa Beach pad.

So, how sweet is Ozzy and Sharon's beach crib?

Traffic is constant on the Pacific Coast Highway out front, but a gated, walled entryway with a fountain should cut down on most of the noise. The waves crashing just outside drown out most of the extraneous sound. Of course, the location is a wow -- windows and French doors let the brilliant sunshine in. Even the bathtub has an ocean view.

An all stainless-steel, gourmet chef's kitchen is what you'd expect in house of this price range. Wine refrigerator and coffee maker are both built-in. The kitchen opens to the dining room, which has a shabby chic-style: distressed white dining room table and matching breakfront. The master bathroom has marble flooring and walls. White-painted sconces add a feminine touch. There's no man cave, but rather an elegant wood-paneled office that comes with built-in bookshelves.

In 2007, the Osbournes sold their Beverly Hills home to Christina Aguilera and her husband, and moved to the pricey enclave of Hidden Hills, Calif., where they bought a home with more property. The Malibu beach house went on the market around the same time.

Malibu is known for pricey home sales and celebrity residents. (One multimillion dollar home for sale earlier this summer came with a Ferrari as incentive). Among the celebs with homes on the market is interior designer Kelly Wearstler. Her beach pad, on 72 feet of prime Carbon Beach, is listed at $21.9 million. Mel Gibson's former family home is also on the market. One of several that that the actor owns in the area, the six-bedroom, six-bath home is for sale at $14.6 million. The most expensive home for sale in Malibu is $65 million, making the Osbourne's beach villa a relative bargain.

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